"…Some of the first people to be hit by the subprime-mortgage crisis were the very brokers who had sold people inappropriate mortgages. Having drunk their own Kool-Aid, they found themselves with enormous debts and no job. ‘It takes less credentials to be a mortgage broker than a pimp on a street corner in Harlem,” he says. “Because a pimp needs references.’”

John Hope Bryant from The Economist feature on the now global aspects of financial literacy

Bryant is chairman of Operation HOPE and vice chairman, U.S. President’s Advisory Council on Financial Literacy

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